McDermott Wins Gulf Of Mexico Platform Installation Contract.

A McDermott International, Inc. subsidiary won a contract to provide transportation and installation services to Walter Oil & Gas Corp. for the Megalodon platform destined for South Timbalier Block 311 in the Gulf of Mexico. The project is expected to be part of McDermott's third quarter 2014 backlog.

The McDermott heavy-lift vessel, Derrick Barge 50, will install the Megalodon platform in 391 feet of water, over an existing well site in the Gulf of Mexico.